We believe accountability and modesty are among the keys to success in this business. In striving for those qualities, we have a tradition of starting off a new year with a lessons learned commentary.
Corporate America has a lot working against it this earnings season. This has brought expectations for third quarter earnings growth down to achievable levels.
As Federal Reserve officials continue to emphasize the commitment towards restoring price stability, the dollar marches ever higher.
The Federal Open Market Committee increased the target rate by 75 basis points to a 3.25% upper bound and delivered a more pessimistic outlook in their published summary.
Inflation remains the primary concern and for now, the Fed is willing to sacrifice economic growth to get inflation back closer to 2%.
The economy is starting to experience a larger labor force as individuals come off the sidelines and rejoin the job market.
After the summer rebound in stocks, investors are asking whether this is a bear market rally that will soon fizzle or the start of a new bull market.
We may not be flying into a storm, but there’s been plenty of turbulence this year. How businesses, households, and central banks steer through the rough air will set the tone for markets over the second half of 2022.
While we acknowledge that a V-shaped recovery is probably not in the cards, we remain constructive on equities for the second half, but not complacent.
We see some early signs that energy trends could be changing, which would not only have positive implications for consumers’ wallets, but also potentially investors’ investment portfolios.
